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Visit Our Website
www.IllinoisDealers.com
Join our mailing list!
Do you know of other member dealership employees who should be receiving the IADA Electronic Bulletins? Let us know! Send an email to Meghan Sander (msander@illinoisdealers.com), Director of Communication, with the contact information of people who should be on our distribution list.
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2014 IADA OFFICERS
Chairman
Mike Mangold
Mangold Ford
Eureka
Vice Chairman
Dave Taylor
Taylor Chrysler Dodge & Jeep, Inc.
Bourbonnais
Treasurer
Sam Roberts
Roberts Motors, Inc.
Alton
Secretary
Jack Schmitt
Jack Schmitt Chevrolet
O'Fallon
President
Peter Sander
IADA
Springfield
IADA Staff Contacts:
Ph# 1-800-252-8944
Pete Sander
President
Ext. 103
psander@illinoisdealers.com
Larry Doll
Legal
Ext. 105
ldoll@illinoisdealers.com
Mark Harting
Administrative Services
Ext. 110
mharting@illinoisdealers.com
Mike Healey
Member Services
Ext. 107
mhealey@illinoisdealers.com
Joe McMahon
Legislative
Ext. 113
jmcmahon@illinoisdealers.com
Meghan Sander
Member Communications
Ext. 109
msander@illinoisdealers.com
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Your
IADA
Partner
Moving Vehicle Registration Into The Future
(click logo for more details)
Upcoming Webinars
December 11th
Jeff Sacks
Effective Pay Plan Formulas that Achieve Results (12 PM CST)
Click here to register!
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December 4th
Peter Zaidel
Department of Transportation (DOT) Hazardous Material Shipping Compliance for Dealerships:
How to Best Avoid DOT and FAA Fines (12 PM CST)
Click here to register!
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November 26, 2014 Vol 2013, Issue 45
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HAPPY THANKSGIVING FROM IADA!
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 The Illinois Automobile Dealers Association would like to say Thank You to our dealers and to our community for their support. Many of us will be spending the day sitting down with family and friends to eat good food, tell stories, watch a little football, and most importantly, count our blessings. IADA values your membership and appreciates your confidence in us. We wish you and your family a very Happy Thanksgiving!
As a reminder, IADA will be closed Thursday, 11/27 and Friday, 11/28. IADA is available 24/7 at www.illinoisdealers.com. |
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FTC SEEKS COMMENTS ON ADDITIONAL PROPOSED CHANGES TO USED CAR RULE
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Proposed Buyers Guide Requires Dealers to Disclose if They Have Vehicle History Reports
The Federal Trade Commission is seeking supplemental public comments on proposed changes to the agency's Used Car Rule and the Used Car Buyers Guide that the Rule requires dealers to display. The Commission is not adopting any final amendments to the Rule at this time.
The Used Motor Vehicle Trade Regulation Rule, in effect since 1985, requires car dealers to display a window sticker, called a Buyers Guide, on used cars they offer for sale. The Buyers Guide discloses whether the dealer is offering to sell a used car "as is" (without a warranty), or with a warranty. If the sale is with a warranty, the Buyers Guide discloses the warranty's terms and conditions, including the duration of coverage, the percentage of total repair costs the dealer will pay, and the vehicle systems that the warranty covers. In states that do not permit "as is" used car sales, dealers must use an alternative Buyers Guide that discloses whether the sale is with a warranty or with implied warranties only.
In December 2012, the FTC sought public comments on proposed changes to the Buyers Guide as part of its systematic review of all of the agency's rules and guides. In response to the comments the Commission received, the agency now seeks comments on additional proposed changes to the Used Car Rule, including:
requiring dealers who have obtained a vehicle history report to indicate that fact in a box on the Buyers Guide, and to provide a copy to consumers upon request;
modifying the Buyers Guide description of an "As Is" sale to clarify that it means the sale of a used car without a warranty; and
placing boxes on the front of the Buyers Guide for dealers to disclose "non-dealer" warranties.
The proposed changes announced today incorporate certain previously proposed amendments, including:
adding a statement to the Buyers Guide encouraging consumers to obtain vehicle history reports, to check for safety recalls, and to visit a proposed FTC website for more information; and
adding a statement, in Spanish, on the front of the English language Buyers Guide, advising Spanish-speaking consumers to ask for the Guide in Spanish if they cannot read it in English.
The Commission also invites comments on alternative approaches that public commenters proposed for the vehicle history disclosure and the "As Is" statement.
For more information about the Used Car Rule, read Buying a Used Car. For used car dealers, the FTC offers A Dealer's Guide to the Used Car Rule. "Fillable" versions of the Buyers Guide in English and Spanish are available at FTC.gov.
The Commission vote to publish the Proposed Supplemental Notice of Proposed Rulemaking in the Federal Register was 5-0. To comment by mail, write "Used Car Rule Regulatory Review, 16 CFR Part 455, Project No. P087604" on comments and send them to Federal Trade Commission, Office of the Secretary, Room H-113 (Annex A), 600 Pennsylvania Avenue, N.W., Washington, DC 20580, or file them online here. Comments must be received on or before January 30, 2015. All comments received will be posted on the agency's website.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC's online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC's website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow them on Twitter, and subscribe to press releases for the latest FTC news and resources. |
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2014 YEAR-END CHECKLIST FOR DEALERS
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Woodward & Associates, Inc., 2014 Year-end Checklist for Dealers
Click here for a detailed report on the following:
- Year-end planning
- Keep the accounting records open at the end of December
- Additional year-end to do's
- Year-end tax reporting
- Review procedures for the use of demonstrators to ensure you comply with the current IRS regulations
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IADA-CATA SPRING DEALER CONFERENCE: REGISTER TODAY!
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 Join IADA and CATA for our annual Dealer Conference this spring, March 29 - April 2 at the beautiful Marco Island Marriott in Marco Island, Florida. Pre and post dates are available, but we need your reservation ASAP! Click here to register today! |
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